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Jan 1, 2013
01/13
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and i can report that we've reached an agreement on all of the tax -- the tax -- issues. we are very, very close, as the president just said. the most important piece, the piece that has to be done now, is preventing the tax hikes. the president said -- quote -- "for now, our most immediate priority is to stop taxes going up for middle-class families starting tomorrow." i agree. he suggested that action on the sequester is something we can continue to work on in the coming months. so i agree. let's pass the tax relief portion now, let's take what's been agreed to and get moving. let me say, this was not easy to get to. i mean, the vice president and i last spoke about -- yesterday about 12:45 this morning and then again at 6:30 this morning and then multiple times this morning. this has been clearly a -- a good-faith negotiation. we all want to protect taxpayers and we can get it done now. right now. so let me be clear, we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place
and i can report that we've reached an agreement on all of the tax -- the tax -- issues. we are very, very close, as the president just said. the most important piece, the piece that has to be done now, is preventing the tax hikes. the president said -- quote -- "for now, our most immediate priority is to stop taxes going up for middle-class families starting tomorrow." i agree. he suggested that action on the sequester is something we can continue to work on in the coming months. so...
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Dec 30, 2012
12/12
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FBC
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you got a fuel tax and fuel tax is a huge tax . they are using the argument to get better mileage now. maybe you don't need to do so much. it is based on mileage. >> wayne makes a good point about the privacy issue. transponder tracking my mile it is big brotherish. >> it is and john makes a good argument against it it is a important policy work. its probably a bad idea. we don't need new tax. thmileage tax could hurt fuel efficient car it is the and questions o heavy congesti times and it is unworkable idea and why the obama administration distanced it. >> we he a trust fund in 2013 and that is to go to the roads. it will be negative and needs a fuel tax to fund it again. >> it is not too long. it will go negative in 2015. the gas tax is raised continuously since it was enacted in the 1950s. they are paying 64 cents a gallon in taxings. why is that the only proposal. it why not freedom. there is it public assets in every country but here at home. la guardia. terrible airport owned by the government. new xico and new zealand. airpo
you got a fuel tax and fuel tax is a huge tax . they are using the argument to get better mileage now. maybe you don't need to do so much. it is based on mileage. >> wayne makes a good point about the privacy issue. transponder tracking my mile it is big brotherish. >> it is and john makes a good argument against it it is a important policy work. its probably a bad idea. we don't need new tax. thmileage tax could hurt fuel efficient car it is the and questions o heavy congesti times...
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Dec 30, 2012
12/12
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tax. it will help to rebuild our crumbling infrastructure. would that crum bem our economy instead . i am tracey in for cheryl casone. welcome to carbin'. wayne john and john and julian and carroll. welcome everyone. so, oregon's democraticic congressman asking for a mileage tax to rebuild our roses and bridges. john is thi good or bad what s going on here? >> this is a ridiculous. it is the wrong time to implement it. electric cars are decades away . having a mileage tax is cadesway . putting odom heretos and logging down to the mileage manually. this would cost a fortune for the tax. we have a gas tax that is do go through road and bridges. >> and talking about a vehicle miles traveled tax. someone like me wayne, so much. i understand why people would want to clarge me more. >> i understand it, too. but john is right we have a fuel tax. and and it is it another way to track pime and look for trouble . you got auelax and fuel x is a huge tax . they are using the argument to get better mil
tax. it will help to rebuild our crumbling infrastructure. would that crum bem our economy instead . i am tracey in for cheryl casone. welcome to carbin'. wayne john and john and julian and carroll. welcome everyone. so, oregon's democraticic congressman asking for a mileage tax to rebuild our roses and bridges. john is thi good or bad what s going on here? >> this is a ridiculous. it is the wrong time to implement it. electric cars are decades away . having a mileage tax is cadesway ....
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Dec 31, 2012
12/12
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>> i think there is a misconception when you talk about the bush tax cuts which are the current rates we're operating under, it only hits folks at the top of the income scale, bush tax cutting all the way to the bottom, all the way up to the top. pretty much anybody who has an income is going to be paying more in taxes if there is not any type of deal to extend current rates. >> shifting gears, it has to do little with the fiscal cliff. news about the secretary of state, she in the hospital tonight. can you update us on her condition. >> this is statement from secretary of state spokesperson, hillary clinton is in the hospital after doctors discovered a blood clot stemming from a concussion she sustained several weeks ago. her doctors will continue to assess the situation in the next 48 hours and see if any further action needs to be taken. >> reporter: okay, rich. fox business network here all night. we'll be monitoring potential of a deal and also watching some of the asian markets, hong kong just now beginning to trade. we'll update you at the 10:00 p.m. hour. we want to remind you
>> i think there is a misconception when you talk about the bush tax cuts which are the current rates we're operating under, it only hits folks at the top of the income scale, bush tax cutting all the way to the bottom, all the way up to the top. pretty much anybody who has an income is going to be paying more in taxes if there is not any type of deal to extend current rates. >> shifting gears, it has to do little with the fiscal cliff. news about the secretary of state, she in the...
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Dec 30, 2012
12/12
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a sample of the device of a lander that is being tested negotiation government money, none of your taxes involved, 80ive innovation driven by entrepreneurs taking the risk. competition if a car that gets 10miles per hour has drawn nearly 100 entrepreneurs. the design competition was first, the cars had to passthe looks test. these cars did. next is the race. 54 teams will cpete to win. the manwho raised the money if the prize and organizeed the organization is here. >> we have entrepreneurs and scientists and engineers to do what only government could do. >> peter joins us from los angeles. you ha new prizes now? >> we do. we are having a lot of fun figuring where there could be breakthroughs that you not going on or being driven by large companies or government that is challenging entrepreneurs to make the impossible, possible. >> where do u get the money? who put up the x prize? >> the money, really, comes from a rae of different groups, including individuals, and philanthropists and competitions or large corporations, progressive insurance or companies such as that, wanting to make a
a sample of the device of a lander that is being tested negotiation government money, none of your taxes involved, 80ive innovation driven by entrepreneurs taking the risk. competition if a car that gets 10miles per hour has drawn nearly 100 entrepreneurs. the design competition was first, the cars had to passthe looks test. these cars did. next is the race. 54 teams will cpete to win. the manwho raised the money if the prize and organizeed the organization is here. >> we have...
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Dec 24, 2012
12/12
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FBC
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eye 134
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it looks like we're going to get a little bit of extension it it of the tax, the bush tax credits or the bush tax cuts and see unemployment benefits, you know, extended for about 2 million people. and as a result, we're going to see a lot of discussion and little results except higher taxes, that's for sure. >> and one thing that surprised me, we know that taxes will remain the same until the end of the year. we assume that taxes are going to go up after the first of the year. so, why aren't people cashing out right now if they have gains, cash out right now, collect your gains at the lower tax rates and buy back in in january depending on what happens with the fiscal cliff? >> yeah, i mean, i actually have a lot of clients where we are literally selling their portfolio, capturing their cost basis now and reestablishing a new cost basis because we know for a fact we'll see 3.8% next year just from the obamacare tax and other taxes and we're seeing people do that. you're not necessarily seeing it in the market because about, i think something close to very, very small percentage of th
it looks like we're going to get a little bit of extension it it of the tax, the bush tax credits or the bush tax cuts and see unemployment benefits, you know, extended for about 2 million people. and as a result, we're going to see a lot of discussion and little results except higher taxes, that's for sure. >> and one thing that surprised me, we know that taxes will remain the same until the end of the year. we assume that taxes are going to go up after the first of the year. so, why...
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gains tax goes to 20%. presley patches the minimum tax ensuring live we as americans dt have to pay the estate tax goes to 40% on all mounts of $5 million a one-year extension of long-term unemployment benefits as part of this. also what is known as the medicare doctors getting a pay cut every so often, congress goes back and fills it in, this involves that as well. >> is a vic the vice president g to do strong-arming or some dealmaking promises or is he just trying to rally the troops? >> a little bit of all three. the only part that appears to be outstanding at this point is the automatic spending cuts. $94 billion known as the sequester kicking in in 2013 through the entire year. democrats want to push that off. so wanted to find spending cuts elsewhere in the budget. that issue is still a bit of a problem. the tax part is something some democrats have a problem with it. >> is there any timetable for a scheduled vote? >> late into the evening if at all tonight. >> late into the evening if at all tonight.
gains tax goes to 20%. presley patches the minimum tax ensuring live we as americans dt have to pay the estate tax goes to 40% on all mounts of $5 million a one-year extension of long-term unemployment benefits as part of this. also what is known as the medicare doctors getting a pay cut every so often, congress goes back and fills it in, this involves that as well. >> is a vic the vice president g to do strong-arming or some dealmaking promises or is he just trying to rally the troops?...
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Dec 24, 2012
12/12
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KPIX
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say the aftermath of super storm sandy and newtown connecticut shootings and possibility of higher taxes have people watching the bottom line, but here in the bay area consumer spending is following the normal trend. >> we had a spike black friday, a strong first two weeks of december, then it kind of let off and now it's back with a furry. >>reporter: a fury they hope translates to higher sales and holiday smiles. retailers count on the holiday shopping season for about 40% of yearly sales. >>> carolers in san francisco this morning. the they're collecting toys for children across the bay area. among the special appearances, the giant's world series trophy, santa, and the mayor. >> it's a great way to start christmas eve and wishing everyone a really merry christmas. >> you don't even have to go to the union square restaurant to donate. cabs are on call. just call them and they'll come to you and pick up donations. >>> how an emergency response falls into a deadly ambush. >>> how food allergies can lead to other problems at school. >>> how an extreme holiday house is turning the spirit
say the aftermath of super storm sandy and newtown connecticut shootings and possibility of higher taxes have people watching the bottom line, but here in the bay area consumer spending is following the normal trend. >> we had a spike black friday, a strong first two weeks of december, then it kind of let off and now it's back with a furry. >>reporter: a fury they hope translates to higher sales and holiday smiles. retailers count on the holiday shopping season for about 40% of...
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Dec 30, 2012
12/12
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CSPAN2
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eye 146
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we had a series of tax cuts that are expiring. if we let them expire, it means there will be a huge tax cut, mostly hitting the middle class and the working poor. and the upper incomes, the people in that category have done so well that even they say they would have to talk to their accountant before they even knew there was any impact on their tax bill. so we can come together now, the president's favored limit would be 250 thiewts meaning -- 250 thoots, meaning -- $250,000, everybody up to $250,000 gets a tax break, 100% of the people. those with higher incomes would go back to the tax rates that prevailed when bill clinton was president. why the other side, you know, is horrified by that is perplexing to me. because i look back at the clint era, i was here. that's a long time ago. i was here. i came to the senate. with senator feinstein when bill clinton was president and he faced similar issues in that we had a deficit that was getting out of control, a debt that was getting out of control. we needed to have growth, and so he
we had a series of tax cuts that are expiring. if we let them expire, it means there will be a huge tax cut, mostly hitting the middle class and the working poor. and the upper incomes, the people in that category have done so well that even they say they would have to talk to their accountant before they even knew there was any impact on their tax bill. so we can come together now, the president's favored limit would be 250 thiewts meaning -- 250 thoots, meaning -- $250,000, everybody up to...
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Dec 24, 2012
12/12
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FOXNEWSW
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i would vote for revenues including tax hikes to keep the country from becoming greece. i am not going to set aside the 1.2 trillion in cuts. >> the president spoke out about the dpfiscal cliff on friday focusing his goals on middle class tax cuts not some kind of bargains. his supporters should find it no surprise to any one he wants people above tacks. >> he won 60 percent of the voters stharp for it in the exit polls including some republicans. >> the focus shift to go the u.s. senate where few republicans are backing democratic plan to take some kind of actions before the deadline. >> they continue to give opinions rick warren had an opinion. >> he said it is time to stop placing blame and start fixing things. listen to this. >> i think there's plenty of blame to go around. i would say this we need to stop blaming. you can't mix the problem while you were fixing the blame. i have trained leaders all over the world. one of the things i teach leadership is leaders accept the blame and give away the credit. >> every time you are blaming you are being blamed. i wish they
i would vote for revenues including tax hikes to keep the country from becoming greece. i am not going to set aside the 1.2 trillion in cuts. >> the president spoke out about the dpfiscal cliff on friday focusing his goals on middle class tax cuts not some kind of bargains. his supporters should find it no surprise to any one he wants people above tacks. >> he won 60 percent of the voters stharp for it in the exit polls including some republicans. >> the focus shift to go the...
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70
Dec 28, 2012
12/12
by
FBC
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eye 70
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a sample of the device of a lander that is being tested negotiation government money, none of your taxes involved, 80ive innovation driven by entrepreneurs taking the risk. competition if a car that gets 100 miles per hour has drawn nearly 100 entrepreneurs. the design competition was first, the cars had to pass the looks test. these cars did. next is the race. 54 teams will compete to win. the man who raised the money if the prize and organizeed the organization is here. >> we have entrepreneurs and scientists and engineers to do what only government could do. >> peter joins us from los angeles. you have new prizes now? >> we do. we are having a lot of fun figuring where there could be breakthroughs that you not going on or being driven by large companies or government that is challenging entrepreneurs to make the impossible, possible. >> where do you get the money? who put up the x prize? >> the money, rlly, comes from a range of different groups, including individuals, and philanthropists and competitions or large corporations, progressive insurance or companies such as that, wanting
a sample of the device of a lander that is being tested negotiation government money, none of your taxes involved, 80ive innovation driven by entrepreneurs taking the risk. competition if a car that gets 100 miles per hour has drawn nearly 100 entrepreneurs. the design competition was first, the cars had to pass the looks test. these cars did. next is the race. 54 teams will compete to win. the man who raised the money if the prize and organizeed the organization is here. >> we have...
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Jan 1, 2013
01/13
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CSPAN
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eye 174
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an increase in the state tax and capital gains and dividend tax. i will show you more that -- we "the show you more now from th economist" world in 2013 festival. this is 30 minutes. >> our next session is on energy in 2013. we have three panelists. [applause] >> good to see everyone here. thank you for having us. where is energy demand going? i will use part of my time to do that. this is a story that is probably familiar to everyone in the room. the population from 7 billion today to 9 billion in the middle of the century, potentially doubling energy demand. i will tell you the one phrase that caught me. that kind of growth is the equivalent of creating a new city of 1 million people every week for the next 30 years. when you think about the energy consumed by a city of 1 million people, imagine that. the question becomes, how will we supply that level of energy demand around the world? the prediction of where energy is going is an enormous increase. we worked into a lot of interaction with other companies around the intersection between food, wa
an increase in the state tax and capital gains and dividend tax. i will show you more that -- we "the show you more now from th economist" world in 2013 festival. this is 30 minutes. >> our next session is on energy in 2013. we have three panelists. [applause] >> good to see everyone here. thank you for having us. where is energy demand going? i will use part of my time to do that. this is a story that is probably familiar to everyone in the room. the population from 7...
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Dec 30, 2012
12/12
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CSPAN2
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set but intellectual property against intellectual property and we're on the wrong purpose where the tax sector uses intellectual property that does not compensate the people who make it. there are many of their conversations but we watch transition. there are opportunities for both the governmental and non-governmental partnerships. france and most support agreements and britain latigo and it hurt the publishing industry. that is set and firm. >> are you hot style to that? >> not at all. i think it has kept businesses in business and also provided the riders with the royalties but. >> what is maddening at the moment to say everything should be free? >> this is the divide with kugel and microsoft to get rid of copyrights but they cannot live on she's. some of them came and. >> and biscuits and rice. >> why we are here. >> are you on this attitude was publishing and finance? >> we have an instinct for the people that produce literature or history but we're not in the business to make lot. and we have an instinct wanting to have access. there is the distinction between supporting the conce
set but intellectual property against intellectual property and we're on the wrong purpose where the tax sector uses intellectual property that does not compensate the people who make it. there are many of their conversations but we watch transition. there are opportunities for both the governmental and non-governmental partnerships. france and most support agreements and britain latigo and it hurt the publishing industry. that is set and firm. >> are you hot style to that? >> not...
SFGTV2: San Francisco Government Television
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Dec 28, 2012
12/12
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SFGTV2
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i go to a tax dermist shop when the man gives a look of hear when i pull out the ear shells. he refused to do it. i return it later and unmake his look say, i will never do it again your ear shells forgotten in the trash bin of the polytechnic where i toss them of history. days later i'm convinced i see one hand carried by a rat. seeking the traces of your body and the animals is this not a form of transcendence my darling. a downward rising the maggets small white gods like an animal mob. you did not answer my question with the language we used between us you vomited and stared into the lenses i wore to cover my pupils to keep some things in and some things out plastic screens. was it not possible to make love in that space. i could save you and i do make an essay and listened and obeyed. i hoped to carry your ear shell with me. i read the manual from beginning to end a manual for the master's and the slaves much the master hates the slave. not the [inaudible] we would like your spirit. it is what we seek in the dark pits of the capital. what else could be accomplished or de
i go to a tax dermist shop when the man gives a look of hear when i pull out the ear shells. he refused to do it. i return it later and unmake his look say, i will never do it again your ear shells forgotten in the trash bin of the polytechnic where i toss them of history. days later i'm convinced i see one hand carried by a rat. seeking the traces of your body and the animals is this not a form of transcendence my darling. a downward rising the maggets small white gods like an animal mob. you...
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Dec 31, 2012
12/12
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CNNW
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tax reform is fine, but not a net tax increase. what we have going forward is a -- the 2001, 2003 bush tax cuts that almost every democrat voted against. not commented on is the spectacle of the democrats calling over themselves about what a tragedy it would be to have the bush tax cuts, that they opposed and spent ten years trashing, including obama, that if they lapse that would be the end of the world. we're making progress. democrats are defending the bush tax cuts for 98% of the american people. for 100% of the american people, we'll take that 99%, 98% of movement by the democrats toward the taxpayer position. >> get to the point, grover. i know this argument. >> we don't see it in the established press very often. >> we see you on establishment press pretty often. we spoke on friday afternoon and it was on tv all weekend. the argument that your thoughts don't get out there, all i got were tweets over you being on. >> we are very big on the first amendment at cnn. >> good, look. what we need to do is extend bush era tax cuts f
tax reform is fine, but not a net tax increase. what we have going forward is a -- the 2001, 2003 bush tax cuts that almost every democrat voted against. not commented on is the spectacle of the democrats calling over themselves about what a tragedy it would be to have the bush tax cuts, that they opposed and spent ten years trashing, including obama, that if they lapse that would be the end of the world. we're making progress. democrats are defending the bush tax cuts for 98% of the american...
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Dec 28, 2012
12/12
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CNBC
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on estate tax alone as of tuesday, the estate tax she thresholds go from 5,000 exclusion to 30% tax rate. to $1 million and 50% tax rate who can do estate planning. >> and neither side can make any headway. over and over again. you ask the one side, say democrats. if the republicans gave you everything you wanted on tax hikes, do you could any entitlement reform? and the vast majority said no. and you turn to republicans, what if they embraced representative ryan's plans? would you raise taxes on anybody and a lot of them say no. so neither side will give that little bit that we know each side has to have because they want to have something, what do you get? i don't see how harry reid who hasn't passed a budget in years manages to come up with something by sunday night. >> we look at how monday will turn out. a lot of developments over the weekend will determine that. guys, it's not going to be an easy open, that's for sure, on monday. >> i'm wondering what it will look like. at the same time, when you ask the question, maybe it's better -- it's a bad deal worse than no deal? president o
on estate tax alone as of tuesday, the estate tax she thresholds go from 5,000 exclusion to 30% tax rate. to $1 million and 50% tax rate who can do estate planning. >> and neither side can make any headway. over and over again. you ask the one side, say democrats. if the republicans gave you everything you wanted on tax hikes, do you could any entitlement reform? and the vast majority said no. and you turn to republicans, what if they embraced representative ryan's plans? would you raise...
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Dec 31, 2012
12/12
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FOXNEWSW
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return and pays taxes, it would cost them about $3,000 a year. you don't get anything for it. lisa jackson has been for a long period of time the head of the epa, obama's epa. i asked her the question live on tv. i said, if we were going to pass this cap and trade, would this lower our co2 emissions worldwide? she said no it wouldn't. the reason it wouldn't she said is this only applies to the united states. this isn't where the problem s. the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. f
return and pays taxes, it would cost them about $3,000 a year. you don't get anything for it. lisa jackson has been for a long period of time the head of the epa, obama's epa. i asked her the question live on tv. i said, if we were going to pass this cap and trade, would this lower our co2 emissions worldwide? she said no it wouldn't. the reason it wouldn't she said is this only applies to the united states. this isn't where the problem s. the problem is in china, in mexico, in other countries...
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Dec 24, 2012
12/12
by
FBC
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is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quily spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> when you start talking about an issue of treatment of mental illness, the mentally ill should they have access to guns? well, there is a rational response that most americans have somebody who is not thinking clearly should not have a gun in their hands. but how do you define and that codify that into law? that's a much trickier issue. david: that was scott rasmussen with the latest poll on gun control and don't forget to tune into varney 9
is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quily spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our...
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Dec 30, 2012
12/12
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WRC
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and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mcconnell, was spotted at the capital. when asked if they would reach a deal, he told reporters, quote, i hope so. erica? >> many americans hoping so too. >>> david gregory is moderator of "meet the press." good morning. >> good morning, erica. >> you sat down with an exclusive interview with the president. did he seem optimistic to you? >> he says he is optimistic but really preparing to play hardball. his own approach, plan "b," is a small deal to get an extension of the middle class tax cuts and do very little else. the fight over the debt continues into the new year just wee
and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mcconnell,...
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Dec 26, 2012
12/12
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FOXNEWSW
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minimum tax. there is an entire set of taxes that there are two methods of tax. if you're doing that, you're in a lower tax rate and certain things are not deductible for the alternative minimum tax. you can't deduct state income taxes or real estate taxes. so you really need to run the numbers for both years, look at some of the rate changes that you are going to know about, such as 3.8% investment income, medicare tax and other things, then make those decisions. >> gretchen: unfortunately, we don't know exactly what tax rate anyone is going to have because we still are in the fiscal cliff thing. you do recommend prepay state income taxes? >> if you're not in the amt, prepay state income taxes, prepay real estate taxes because you can get deductions. if you're deciding you want to save tacks for 2012. >> gretchen: prepay your 2013 mortgage so it can be included in 20 is it -- 2012. >> you can't pay your february one, but you can pay your january one because it's interest in december and you can g
minimum tax. there is an entire set of taxes that there are two methods of tax. if you're doing that, you're in a lower tax rate and certain things are not deductible for the alternative minimum tax. you can't deduct state income taxes or real estate taxes. so you really need to run the numbers for both years, look at some of the rate changes that you are going to know about, such as 3.8% investment income, medicare tax and other things, then make those decisions. >> gretchen:...
1,222
1.2K
Dec 30, 2012
12/12
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KPIX
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good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepines
good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these...
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Dec 29, 2012
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seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware of. that was not the conversation i had with my colleagues across the aisle or with the minority leader. so, you have information that i don't have. look, we cannot solve the problem with taxes you have to do both. this country is in trouble fiscally and financially as well as ratings. if we do not do something significant, we will have a rating problem. and there will come a time that we cannot afford the interest. what is the best thing that we can do now, given the political dynamics in washington that actually makes difference
seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware...
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Dec 29, 2012
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democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than president obama was asking for a week ago. and it will happen if it happens, because over and over and over and over again, john boehner and the house republicans could not take yes for an answer. they had to say no to this president. so they kept delaying until they were weaker. they pushed negotiations from 2011 where they were very strong, until 2012, right after the president had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will com
democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than...
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Dec 27, 2012
12/12
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coming their way beginning january 1 in everything from medical devices traditional search taxes on investment income. it is about half the size of the fiscal cliff, if you will, tax hikes that could well be added to them if the year finishes the way we stand right now. >> absolutely, lou. i found it interesting if you read the affordable correct many of the onerous mandate created by obamacare were exempted for the unions so i found it interesting that the administration is looking out for the union and not looking out for the state and individual citizens to bearey the load of this. lou: your ground operation would have been a little stronger. you could have prevented people of laws.sorts you don't find that as fair and equitable, right? >> we challenged on constitutional grounds, w but dd not quite get it all. lou: more lawsuits to come and we will see how those, as well. the great state of south carolina. great fobeing with us. hsbc agrees to being a mexican drug cartel bank. terrorists.ertern tonight she meets the former employee wriried to stop hsbc illegal conduct, former hsb
coming their way beginning january 1 in everything from medical devices traditional search taxes on investment income. it is about half the size of the fiscal cliff, if you will, tax hikes that could well be added to them if the year finishes the way we stand right now. >> absolutely, lou. i found it interesting if you read the affordable correct many of the onerous mandate created by obamacare were exempted for the unions so i found it interesting that the administration is looking out...
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Jan 1, 2013
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members of both political parties who badly want these middle class taxes rolled back fa fast, "what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner
members of both political parties who badly want these middle class taxes rolled back fa fast, "what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did...
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Dec 26, 2012
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, if they're going to vote to raise taxes or at least let tax rates expire on the upper end, they only want to do that once. that's not something they want to keep doing. certainly if speaker boehner puts something on the floor that his republican conference is not happy with, that's a risk that he's taking. >> has the president moved much on spending? because we talk all the time about the taxes but we seem to give a little less emphasis on the spending. is the president meaningful moving on that? >> depends on your definition of meaningfully. certainly there has been some movement from the white house over time on spending. i think there's been a movement toward talking about entitlements. when you talk about the cpi, consumer price index, that shift over there, that's a small concession to where republicans are but nobody's really talking about the big spending cuts that would have to be made to major entitlement programs to really alter the way that our budget course looks for the future, or to raise taxes in such a way as to pay for those programs as they are currently constituted
, if they're going to vote to raise taxes or at least let tax rates expire on the upper end, they only want to do that once. that's not something they want to keep doing. certainly if speaker boehner puts something on the floor that his republican conference is not happy with, that's a risk that he's taking. >> has the president moved much on spending? because we talk all the time about the taxes but we seem to give a little less emphasis on the spending. is the president meaningful...
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Dec 31, 2012
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the affect of taxes would have changed. then it is, in fact, a tax cut season. not a tax increase season. again, those mechanics can be adjusted somewhat, but there are real practical elements that go beyond the political wrangling that will be dealing with if, in fact, we get -- if we get a deal, and then it will be sort of a countdown to the clerical staff getting it done. chris. >> as anyone who has ever bought a house can atus to, it takes time just to sign your name to lots of documents. >> exactly. >> i want to go to you. you know, this news about president obama coming on at 1:30 p.m. came just moments ago. have you had a chance to do any reporting? do we expect, this doesn't sound from reporting like is he announcing the deal. what will he do? do we have any idea? >> my reporting mampz kelly's reporting. it does not appear as though president obama will be announcing a deal he will be speaking with middle class americans behind him, and he will send the message that if they do not act by john 1st, the average american will see their taxes go up by about
the affect of taxes would have changed. then it is, in fact, a tax cut season. not a tax increase season. again, those mechanics can be adjusted somewhat, but there are real practical elements that go beyond the political wrangling that will be dealing with if, in fact, we get -- if we get a deal, and then it will be sort of a countdown to the clerical staff getting it done. chris. >> as anyone who has ever bought a house can atus to, it takes time just to sign your name to lots of...
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Dec 24, 2012
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>> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in afghanistan. for the first time ever, a female officer is the one who opened fire. an afghan policewoman shot and killed a u.s. military adviser just outside the police head quarters in kabul. >>> vietnamese fishermen rescued a florida man on a disabled yacht. he and three others were towing the yacht from the philippines when the tow rope broke. >>> a senator from idaho is apologizing this morning after he was arrested over the weekend for driving drunk. mike crapo has said previously he does not drink. >>> there's no evidence this morning we don't feel good about the economy. a new abc news/"washin
>> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in...
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getting a dividend if the share price goes down by the amount of the dividend and then you have to pay taxes to the dividend, and isn't comparing dividend stocks to a yield not a apples to apples comparison because of the greatest risk of losing your risk with stock as compared to the ten-year? >> let's get empirical, what stocks have outperformed for the last 20 or 30 years? stocks that pay good dividends. that's reinvested dividend. i'm getting this from jeremy seagal's work. go read his book and you will know exactly why i think dividends are so important. a pullback can be the market giving back. i like stocks that have pulled back from the new high list between 5% and 8%. do the homework. don't chase momentum, it's a starting point, not an ending point. "mad money" will be right back. >>> don't miss a second of "mad money." follow @jimcramer. have a question? #madtweets. send him an e-mail, or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> welcome back to tonight's methods to madness show. i am revealing some of moisture best tricks for buying and selli
getting a dividend if the share price goes down by the amount of the dividend and then you have to pay taxes to the dividend, and isn't comparing dividend stocks to a yield not a apples to apples comparison because of the greatest risk of losing your risk with stock as compared to the ten-year? >> let's get empirical, what stocks have outperformed for the last 20 or 30 years? stocks that pay good dividends. that's reinvested dividend. i'm getting this from jeremy seagal's work. go read...
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Dec 24, 2012
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and basically i have worked with steve forbes on a flat tax book and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a capitalism will say the? >> basically i've learned a lot since forbes. when i was at forbes i learned a lot about markets. and again i was a journalist. i began as a journalist and i worked at business week many years ago as a journalist, but when i started to work as an entrepreneur, i learned about the fact that you really need to have economic freedom is to create jobs. and it's something i learned personally. and if you're just getting a paycheck you really don't understand how government can affect a small business and job creation. i experienced that firsthand. so that was one of the things that led me to thin
and basically i have worked with steve forbes on a flat tax book and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a...
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Jan 1, 2013
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may they manipulated the tax rate through aggressive but legal accounting treatment or maybe they bought back stock. >>> the latter, the bought back stock earning surprise is now regarded as a loser by the smart professionals are even though a lot of people are fooled by it. it only indicates a smaller share cap and not that the profits were better than what anyone was loobing for. almost all the food and drug company generate what i call, a slight of hand up side surprise. and that is where they can't manage the real thing. they do not have real growth. this is the dirty secret. the reason the big boys do not care about the up side surprises, any large enough company with a half way competent management and gocfo that is in a good predictable line of business can make sure they beat the streets expectations, along as the quarter is not really bad. food and drug companies use buy backs to generate earnings per share based on up side surprise. that is how they beat the estimates. it doesn't take anything special. it doesn't indicate that things are in a way better, it just tells you that
may they manipulated the tax rate through aggressive but legal accounting treatment or maybe they bought back stock. >>> the latter, the bought back stock earning surprise is now regarded as a loser by the smart professionals are even though a lot of people are fooled by it. it only indicates a smaller share cap and not that the profits were better than what anyone was loobing for. almost all the food and drug company generate what i call, a slight of hand up side surprise. and that is...
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Dec 26, 2012
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and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because we have a never budget balancing act going on with the journalist pointed out the secret gang of six meetings, that's budgeting by, secret gang of 12 meetings. and-- >> quickly that's what we use today call blue smoke and mirrors in washington and that's why people are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell,
and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >>...
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Dec 24, 2012
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we had a massive infusion of general tax revenues to pay for drivers. i have no idea why we are driving people to drive long distances. i am a person that believes interest the people should be free to try it if they pay for the cost of their action but we shouldn't be driving the students. we shouldn't be engaging in social engineering that uses federal tax policy to massively subsidize people to move into the to move out of urban apartments to buy homes, which subsidizes to bet on to the housing market which also bribes them to build larger homes. i am a homeowner myself but i think having a current, mortgage interest deduction is crazy. we should slowly on hundred thousand dollars a year and most of all, we need to have even more commitment to the urban schools to it but i would like a world in which we did was subsidizing and have the fed have less engagement and leave cities if they are in power and have the resources to solve their own problems. i would much rather have that happening. some things to remember race to the top started with obama. we
we had a massive infusion of general tax revenues to pay for drivers. i have no idea why we are driving people to drive long distances. i am a person that believes interest the people should be free to try it if they pay for the cost of their action but we shouldn't be driving the students. we shouldn't be engaging in social engineering that uses federal tax policy to massively subsidize people to move into the to move out of urban apartments to buy homes, which subsidizes to bet on to the...
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Dec 24, 2012
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the deadline for preventing tax hikes is one week today. it is likely that the president and congress will work right to new year's ever. >>> overseas now, where an american has been killed by an afghan policewoman. there have been similar insider attacks, but this is the first time a female security officer has been involved. >>> the nra is not backing away from the call for armed officers in schools. congressman chris murphy, whose district includes newtown calls the stance tone deaf and revolting. >>> a rel christmas gift, getting to where you're going on time today. storms are causing major trouble. not only trying to get through snow-covered roads. rain and wind are grounding flights in warmer parts of the country as well. >>> finally, christmas a good time to do star-gazing. jupiter and the moon will be close together in the sky and very bright. you'll be able to see them even in urban areas. the star of bethlehem may have been a similar astronomical event. you have to look to the east southeast sky. wherever that may be. you can tell
the deadline for preventing tax hikes is one week today. it is likely that the president and congress will work right to new year's ever. >>> overseas now, where an american has been killed by an afghan policewoman. there have been similar insider attacks, but this is the first time a female security officer has been involved. >>> the nra is not backing away from the call for armed officers in schools. congressman chris murphy, whose district includes newtown calls the stance...
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Jan 1, 2013
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and compromise on the estate tax. a republican win on the estate tax. is that food enough for you to accept, even though you don't want to raise taxes? >> although, two points, the estate tax is better than going back to a million dollar exclusi exclusion, 55%, tax rate or anything above that there shouldn't be any tacks on death. it shouldn't be a taxable event. regarding theation on people making above $400,000. go back to 1993, the clinton era tax rates which the democrats want. $250,000 then taxed at 39 mt 6% is the equivalent of $398,000 tow with according to a labor statistic bureau and regular inflation. it's not that great of a deal i don't think as it goes and it's taxing and still taxing small business men and women, and i don't like that at all. >> representative gingrich, ali velshi, happy new year to you, sir. i want to talk to something that played out yesterday. you were a tough primary in the past and that was when you first signed the norquist pledge. am i right? >> that's right. absolutely. >> and grover norquist seems to have approved
and compromise on the estate tax. a republican win on the estate tax. is that food enough for you to accept, even though you don't want to raise taxes? >> although, two points, the estate tax is better than going back to a million dollar exclusi exclusion, 55%, tax rate or anything above that there shouldn't be any tacks on death. it shouldn't be a taxable event. regarding theation on people making above $400,000. go back to 1993, the clinton era tax rates which the democrats want....
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Jan 1, 2013
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the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly to those making $450,000. frustrated republicans say while the deal will likely pass, it's not ideal. >> i personally just don't like it because
the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the...